Streetbeat News

ALK

Alaska Air Group, Inc.

https://www.alaskaair.com

Industry

Airlines, Airports & Air Services

Alaska Air Group, Inc., through its subsidiaries, provides passenger and cargo air transportation services. The company operates through three segments: Mainline, Regional, and Horizon. It flies to approximately 120 destinations throughout North America. Alaska Air Group, Inc. was founded in 1932 and is based in Seattle, Washington.

Open

51.50

Mkt cap

6.4B

Volume

1.6M

High

52.15

P/E Ratio

20.31

52-wk high

52.15

Low

50.99

Div yield

N/A

52-wk low

32.00

Alaska Airlines experienced a ground stop due to an IT issue, as reported by CNBC. This temporary halt in operations could impact the airline's schedule, potentially affecting customer satisfaction and operational efficiency.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 3:07 pm

The U.S. FAA has issued an advisory indicating that all Alaska Airlines mainline and subcarrier flights are currently ground stopped. This development could impact flight schedules and operations.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 2:42 pm

Airline stocks are trading higher following United's report of better-than-expected Q1 earnings, indicating a positive outlook for the sector.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 11:10 am

U.S. consumers have filed a lawsuit to halt the proposed merger between Alaska Air Group Inc and Hawaiian Airlines, arguing that the consolidation could reduce competition and negatively impact consumer choices and prices.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 3:21 pm

Airline stocks are experiencing an uptick following Delta's announcement of better-than-expected Q1 earnings, indicating a positive market response.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 10:59 am

United Airlines Holdings Inc (NASDAQ:UAL) is delaying the launch of two new routes due to growth constraints amid a safety review by the FAA. The Newark to Faro route is postponed to summer 2025, and the Tokyo to Cebu route is rescheduled for October 27. The FAA's enhanced oversight follows recent safety incidents, including an Alaska Air Group, Inc. (NYSE:ALK) incident. United is offering full refunds or rebooking to affected customers. UAL shares traded higher by 0.51% at $43.53.

Portfolio Pulse from Shivani Kumaresan

April 09, 2024 | 2:29 pm

The upcoming solar eclipse on April 8 is expected to boost the U.S. economy by $1.5 billion, particularly benefiting businesses in the eclipse's path. Historical data shows a positive correlation between solar eclipses and the Dow Jones Industrial Average's performance, with the Dow ending higher in 10 out of 13 total solar eclipse years since 1900. Companies like Airbnb, Choice Hotels International, United Airlines, Alaska Airlines, Amazon, Walmart, and Target are experiencing increased demand due to the eclipse, with significant surges in bookings, occupancy rates, and sales of eclipse-related products.

Portfolio Pulse from Bibhu Pattnaik

April 06, 2024 | 4:40 pm

TD Cowen analyst Helane Becker maintains a Buy rating on Alaska Air Group (ALK) and raises the price target from $41 to $49.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 3:12 pm

Boeing Co compensated Alaska Air Group Inc with $160 million for the 737-9 MAX groundings' impact on Q1 operations, causing significant financial losses. Despite these challenges, Alaska Air's adjusted pretax profit would have seen an 80% increase over the previous year without these issues. Additional compensation is expected, with the terms undisclosed. The compensation will mainly reduce aircraft assets, affecting EPS expectations. Alaska Air's shares rose by 4.58% to $43.80.

Portfolio Pulse from Shivani Kumaresan

April 04, 2024 | 5:29 pm

Four analysts have recently updated their ratings on Alaska Air Group Inc (NYSE:ALK), showing a mix of bullish and somewhat bullish sentiments. The average 12-month price target is now $52.5, up from $49.50, with individual targets ranging from $40.00 to $65.00. Analysts from Evercore ISI Group, UBS, Deutsche Bank, and Susquehanna have adjusted their ratings and price targets, reflecting optimism about the company's future performance despite a recent revenue decline of -10.07% and a lower market capitalization compared to industry averages. However, Alaska Air Group's financial health is strong, with efficient cost management and a prudent financial strategy.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 5:01 pm

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